Treasury designates BNY as financial agent for Trump Accounts program
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Compass Point on Robinhood Markets (HOOD): 'we believe it's well positioned to capitalize on 530A rollover'
April 6, 2026 1:30 PM EDTCompass Point analyst Ed Engel reiterated a Buy rating and $108.00 price target on Robinhood Markets (NASDAQ: HOOD).
The analyst comments "On 4/6, the Treasury Department designated BNY Mellon and Robinhood to help administer 530As (i.e. Trump Accounts). Robinhood will serve as brokerage and initial trustee for Trump Accounts, while assisting the development of a white-labeled app. A standalone Trump Account app will be operated and managed by Treasury without Robinhood branding. Guardians will eventually be able to consolidate and transfer 530As into their... More
